Institutional Investors Bearish On Bitcoin, Ethereum. Here’s What They’re Buying
Bitcoin and Ethereum have always been at the forefront for institutional investors. This is with good reasons too as not only are these the largest cryptocurrencies by market cap, but they are also the most popular with the best prospects. As time has gone on though, competition has become stiffer for the attention of institutional investors. The rise of other altcoins has put forward some formidable contenders for these two cryptocurrencies. Now, institutional investors are now moving away from the big two and pouring money into other altcoins, taking a completely bearish stance on....
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Institutional investors have been bearish toward Ethereum for a while now. There have been outflows rocking the digital asset until it ended its 11-week streak with inflows for last week. However, this does not mean that positive sentiment had returned entirely to the cryptocurrency once more. The numbers on the CME show that institutional investors remain wary and even bearish toward the second-largest cryptocurrency in the market. Ethereum Falls Into The Negative The Ether futures on the CME have been trading on a negative basis lately, which basically means they are trading below spot.....
Bitcoin investment by institutions is now a common occurrence. This was not so in the previous years. Institutional investors have been investing in cryptos for a while. But mostly at a conversation rate. 2020 changed all of that. The bull that started in 2020 saw more institutional money coming into the market. Predictions pointed towards […]